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Al Jazeera America
Dec 4, 2013 11:30am EST
>>> the u.s. economy is growing but so is the income gap between the rich and the pour. we are waiting for president obama to talk about changing that and other aspects of the economy. that is the woman that will be introducing him. and we'll have him in just a few moments. mike viqueira joins us for now with more on what to expect from the president. good morning. >> stephanie. good morning. as usual when it comes to politics and policy in washington, it is complicated. the president is trying to put forward his agenda for the state of the union speech and for the last three years of his presidency. he is going to take the populous tack that we have seen before, and tie the affordable care act into all of it. he is going to be talking about minimum wage, and disparities in in income every growing in this country, and hearken back to past speeches he has made talking about making income distribution more quillable. and he had a lot of shoring up to do. this is a left-lanes think tank, the president going to the pourest region in terms of income in this city, ward 8, and he is g
LINKTV
Dec 6, 2013 3:00pm PST
years. they are studying the evolution of specialization as they uncover details of ancient economies around the world. in the maya city of copan, a jeweler fashioned rare shell and jade for his powerful lord. in mexico, living artisans echo the economy of a vanished civilization. and in teotihuacan, evidence of mass production has now been unearthed. tiny faces of clay reflect the men and women who made them a thousand years ago. on the other side of the world, in the ancient roman city of ostia, huge merchant ships were part of an economy much like our own. and today, the tanners of morocco still practice their ancient craft, living proof that economies have evolved out of the past. everyone who has ever lived has been part of an economic system. iel bote grande...mil pesos! economic systems are simply the ways people produce, distribute and consume things -- everything and anything, from tortillas to stocks and bonds. for 10,000, 10,000 an eighth. today, as in the past, economic systems lie at the heart of how a society is organized. archaeologists search for these systems because
MSNBC
Dec 9, 2013 6:00am PST
the economy. there have been solid job numbers and major revision for the gd approximate, and a strong end to the week on wall street. it has a bunch of experts predictioning that a steadily improving economy is on the horizon for the coming year. what would that mean politically? health care and obstruction are the clubs are choice for the two parties. they are beating each other up over both issues and both could be problems as well. the economy is the wild card right now. right now things are looking up. on friday we got word that they push the average jobs growth to 189,000 a month. not great, but not horrible. it's an improvement over 2012. unemployment is down to 7% down 18/10 of a point from this time last year and the lowest since november of 2008. we saw a big revision that was up 3.6% in the third quarter. that's a half percentage point better than 2012. there is a caveat. a good portion came from businesses building up inventory. they may end up stocking up so much, they don't need to buy as much. there other green chutes here. the first double-digit year over year in
CBS
Dec 8, 2013 6:30am EST
inequality and a record income gap. the president argued that decade's long shift in the economy has undermind all groups poor and middle class that now face the same problems once attributed to inner city minority groups. one prescription is the height to the federal minimum wage now at 7.25 per hour. >> i'm going to keep pushing till we get a higher minimum wage for hard working american across the country. it will be good for the economy and our families. >> president made his call one day before thousands of fast food workers in 100 cities nationwide walked off the job on thursday in protest of low pay. these workers want a minimum wage hike to $15 per hower, higher than what the democrats want in the state at $10 an hour. president obama supports the 10.10 hike. congress has not raised the wage since 2009 on the legislation passed with george w. bush was president. >> is an increase in the minimum wage justify at a time when real wages for all income levels, except the top have been flat or falling, not rising? >> i think you just made the case, all wages were falling except
LINKTV
Dec 9, 2013 2:30pm PST
the dollar as the world's reigning currency? in a global marketplace, our economy depends on the international value of the dollar. it affects how much we pay for foreign goods and how well our exports sell overseas. "exchange rates: what in the world is a dollar worth?" with the help of economics analyst richard gill, we'll examine that question on this edition of "economics u$a." i'm david schoumacher. it is only in recent years that exchange rates could vary from day to day. for generations, exchange rates were fixed and currencies freely convertible to gold. to cast aside the predictability of the fixed exchange rate system was considered more than unusual -- it was nearly unthinkable. why then, in 1933, would the united states do the unthinkable? why would it abandon the stability of the gold standard? before the great war, the gold standard symbolized stability and prosperity, and the british pound was considered "as good as gold." but in 1925, parliament set the exchange rate of the pound for gold beyond its real value. as a result, british goods became more expensive -- e
CNN
Dec 7, 2013 6:30am PST
christiane amanpour and candy crowley. all at the same table. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. au
CSPAN
Dec 5, 2013 3:00pm EST
pointed eroding thely middle class, which is the backbone of our economy. earlier, a representative from kentucky talked about how it is the right thing to do to improve the health of thousands of his citizens over the next decade. he also talked about it from an economic and fiscal standpoint. 50 million dollars will be injected into kentucky's economy. it will bring $800 million to the state treasury, create 17,000 jobs and support their glad toso we were very hear what he had to say at the press event and afterward. in few areas has a lot been of greater impact than in the lives americans with chronic conditions. if you had insurance that you liked before, whatever it was, it is going to be better now because of no pre-existing conditions being a barrier to your access to insurance. also removing lifetime or even on the funding you can receive for care. thanks to affordable health care act in relationship to pre- existing conditions, up to 17 million children with pre- existing conditions have already been able to gain affordable coverage. starting january 1, up to 129 million am
Bloomberg
Dec 8, 2013 6:00pm EST
vote which much be held by monday. could add aeal that trillion dollars to the economy. u.s. compliments on food subsidies in a latin american block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. happened in san francisco in july. people died when the bowl and triple seven hit a seawall as a came into land. they're going to look at the pilot performance.
Bloomberg
Dec 8, 2013 10:00pm EST
economy. it is the first deal in the 18 year history of the wto. to help globalpt commerce and food shortages. several street firms are under investigation for the hiring. they have widening inquiring where children of high politician and clients are hired. the u.s. -- there was a big surplus in years. here is a breakdown. >> that is right. almost close to five years. exports beat estimates. , less than expected, but still up. that was as traders where -- existing stock house. -- piles. there's global momentum. european companies and south korea and the u.s. -- when analysts look at the figure, they are slightly disappointed. it shows that china is not importing as much as you would like. a user the sense that perhaps domestic is soft. really focus on the important part of the equation. they have no the export art. can they show that they are not as reliant on exports and that there is a favor for domestic consumption. cbi. begin with coming in at 3%. of course, it is within that target 3%. goodtic producers of services -- falling 1.4%. falling for the 21st month. that is the longes
SFGTV2
Dec 2, 2013 2:00pm PST
produce 50 of the out put and people are driving in the economy but economic stagnation and federal gridlock are skooegz the federal government service. add in the pressures of rooirz temperatures and the countries face to daunting channels. urban america needs a new playbook and we'll take a look at that. we have 3 guests mayor ed lee. and the president of the urban management one of the countries largest home bindles and a co- author of how the city's are fixing our fragile developed. please welcome them to planet one. (clapping). thank you gentlemen all for coming. bruce cats let begin with you. we'll get down to some specification. you write that the great recession was a rude way. call thrills about that. first of all, that you for letting me be here. i think what led to the great recession was a miss guided growth model which basically said we can grow an economy consumed by department and focus on the meveng around homebuilding but the funds would tells us we need to grow an economy and debris i quite frankly as president in the region it's fueled by ideas and manufacturing b
PBS
Dec 6, 2013 7:00pm PST
looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the federal reserve to cut back on the stimulus plan. now it looks like investors and traders believe a growing economy is good news. so here is a look at today's closing numbers. the dow shot up almost 200 points back above the 16,000 level. the nasdaq jumped about 30 and s&p rose 20 points returning to the 1800 mark again. >>> so where are all those jobs, and what do the gains mean for the economy? hampton pearson takes a look. >> just in time for the holidays, tanger outlets opened this 100 million dollar complex with 80 high-end retailers outside washington d.c. in light of today's surprisingly strong jobs
CNN
Dec 6, 2013 3:30pm PST
. for sarching the auto industry of the the economy is doing well despite the best efforts of republican obstructionists who worked hard to shut down the government, folks with the national deficit dropping at its fastest rate in 60 years? it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound really good. a lot of people are just giving up and stopping looking for jobs. they're going on disability. the dependency on government has absolutely ballooned until this quote/unquote recovery. i think folks in
Bloomberg
Dec 5, 2013 3:00am EST
very worried about the deflation coming in to the economies across europe. not expect a surprise announcement. there is a talk of bank deposits. it he talks more broadly about the numbers and the market economies. >> what is the next step? are we going into asset quality reviews? maybe? underestimateer it. he made surprises in the january and february part of the year with his package that does something a bit more than that there is a coalition agreement and i think she will be behind some of the stimulus. >> talk to me about your favorite picks. talk to me about the macro environment. diverse. >> indeed. play.are a macro- there is growth in china and the it demonstrates some and boost cash flow. the cash flow comes through next year and stronger growth in oil prices. your your go back to unit trust. joined later are in the hour. 2014l ask him about his investment strategy. we'll have more on this story thisf apple can deal with on the move. >> in london, this is on the move. we on your phone, your tablet. here is what is on the move. we heard news this morning. accounts in the
Al Jazeera America
Dec 10, 2013 3:30am EST
fuel obviously are going to effect what airline charge. second the is state of the economy. if the economy remains strong, more demand less supply fairs will go up. but, american and u.s. airs have been reported by the justice department to give up seven teen pair of slots at la guardia airport in new york. those slots will be divided up right now between southwest and virgin america. the national airport, the justice department wants to see those slots go to low fairs too. >> or is it simply because there are fewer airline that can say more for fees and that's that. >> they are as much of the aaron industry as wings are to an airplane. they are here, they are not going to go away, what we will see is a change in how airline sell them. american has offered different bundles. and obviously, if you are a more loyal customer, if you pay a business type of fair, or if you carry certain credit cards you may get exempted from those fees. >> henry heart of the industry, henry thank you for coming on, we appreciate it. >> sure. >> it took a merger to save american airlines, it took a gover
Al Jazeera America
Dec 6, 2013 2:00pm EST
country and beyond. a step in the right direction for the u.s. economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have decl
Bloomberg
Dec 5, 2013 7:00pm EST
situations. he charmed a lot of people but he is also very hardheaded about things like the economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those who said that we should not have any dealings with south africa as long as apartheid was still in place. >> the people for sanctions were on the right side of history because it really did weaken the regime and probably brought them to the bargaining table much quicker. >> in your article, you noted south africa's economic and clinical aspects were intertwined. how so? how did he help to narrow that defined? had growth rates under 1% during the entire apartheid regime. from the time he was a like did until 2008 t
CSPAN
Dec 5, 2013 11:00pm EST
confidence to our economy, to the business community and to our people if we got a beginning. deal, but unfortunately that does not seem to be, at least at this point in time, in the discussion. i'm hopeful that the budget committee so i'm hopeful that the budget committee conference will revisit or at least come up with a product that has not been discussed which will accomplish the objective of putting this country on a fiscally sustainible path for the long term, >> coming up, treasury secretary jack lew on implementation of the dodd-frank regulations. and president obama at the white house hanukkah reception. later, the democratic steering expiring hearing on unemployment benefits. span, washington journal looks at the mission and role of the national institutes of health. starting live at 7:30 eastern with director francis collins on the medical research priorities. future projects and the impact of sequestration. at 8:00, allergy and infectious diseases director anthony fauci followed by derek green director of the national human genome research institute gave at 9:00, harold
Al Jazeera America
Dec 4, 2013 11:00am EST
the economy. >>> a top hezbollah leader is killed. the lebanese group says he was assassinated. ♪ >>> the u.s. economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about the grows gap between rich and poor. it's not a new story or a new subject for president obama. he talked ariel castro it two years ago in a benchmark speech in kansas. and he spoke a little bit about in this year's state of the union. the top 1% in this country have seen their income triple over the course of the last 28 years, meanwhile the middle class has scene their income grow at a modest 1% on average over the course of that same time annually. so the president will be talking
Al Jazeera America
Dec 3, 2013 5:00pm EST
dollars per hour make in the life of low-wage americans and their times and the economy as a whole? the debate surrounding raising the minimum wage is the inside story. >> hello, i'm ray suarez. the wheels of the american economy turned with the labor of low wage workers across this country. the dishwashers, retail sales people and healthcare providers who toil at the federal minimum wage haven't seen a pay raise in four years and efforts in congress to find one have stagnated. cities, states, and counties are taking it on themselves to bring their workers to income levels closer to the fiscal realities of these tough times. and it's no easy task. as much debate surrounds the effectiveness of image wage hikes and who really benefits. do these wage controls cost jobs? we'll discuss the issue on this addition of "inside story." but first this background. >> they deserve to live a good life in one of the richest cities in the world. >> reporter: close to 100 people rallied outside washington, d.c. city council chamber as council members inside voted to raise the city's minimum wage to $11.
CSPAN
Dec 5, 2013 12:00am EST
. without objection, the subcommittee is adjourned. president obama on jobs and the economy and income inequality. in less than hour, the head of of mayor confederation teachers speaks with reporters at the christian science monitor. walden,esentative greg on to make haitians and technology. communications and technology. >> a several live events to tell you about tomorrow morning. treasury secretary jack lew will be at the future will trust to discuss the state of financial reform. also on c-span2, members of the house and energy commerce subcommittee on energy and power will hear from energy regulatory commissioners. span330 eastern a.m. on c- we cover a hearing on unemployment benefits that are set to expire at the end of the month. >> from age eight, betty ford, then betty [inaudible] put on skits and plays and that led to eddington, vermont where she studied at the school of dance. these are some of her notecards. no bookstworks -- where she kept cards. she carried this with her to vermont, back to grand rapids, off to new york where she studied with martha graham and work with th
LINKTV
Dec 2, 2013 2:30pm PST
regional economies could be improved if the waters were made navigible. the tva constructed housing, began a malaria control project, worked on agricultural development, and provided electrical power to this depressed region. some thought the government was going too far. along with the utilities, others who feared economic loss joined in the opposition. coal miners feared hydroelectric power would reduce the demand for coal. the coal operato of wesvirginia came to washington, d.c. they were very angry at me because i was an open supporter of the legislation to create the tennessee valley authority. they said this will rob us of hundreds and thousands of jobs if these rivers are turned into productive areas for the power systems that will not stop in the tennessee valley authority but will go into other regions of the united states. they saw it as something to oppose, and they did so vigorously. the tva argued that flood control was its primary goal. the opposition argued that the government had no right being in the power business. within 5ears, somein 1937, the legal issueshe. wer
CNN
Dec 9, 2013 3:30pm PST
causing them to become this part of perpetual unemployed group in our economy. while it seems good, it does a disselfto the people you're trying to help. >> uh, no. welcome to the real world, senator, where there are still three job applicants for every one job out there, cutting the lifeline for active job seekers there not magically create, but it will put -- cutting unemployment benefits? that is a five ho ho ho, newt gingrich. first, let me say i believe there are things we could do to dramatically improve the impact. to actually prepare people for getting to work and versus a better job in the future. but took in the crossfire, weapon hawaii's democratic governor, neil abercrombie, and tim pawlenty, in a different life another colleague of mine. we're delighted to have both of you here this evening. governor, economists like larry summers, who was an adviser both to president obama and before that to president clinton have concluded that long-term unemployment compensation actually reduces participate in the work force and makes it harder for the economy to grow. what's your react
Al Jazeera America
Dec 4, 2013 7:00pm EST
selling more new homes. we're breaking down the numbers for signs that the economy may finally turning a corner. if you like your doctor you can keep your doctor as long as your doctor keeps your network. and how a small mistake from your past could come back and haunt your credit score. i'm ali velshi. this is "real money." ♪ >> this is "real money." you are the most important part of the show so join our live conversation for the next half hour by using this handle @aj real money. despite your lack of confidence, hear me out and then decide. we found out that new home sales jump 21.6% compared to last year. this comes with a high margin of error, even sow i so, it shows t the housing market has some legs to it. newly constructed homes make up 10% of the overall housing market. most homes are used. but unlike those existing homes, new home construction creates a lot of jobs. and according to a new report by adp, the private sector added 18,000 new construction jobs to the economy in november. this is important. because of the 9 million jobs lost in the last recession, more of a mill
Bloomberg
Dec 8, 2013 8:00pm EST
and european economies consume and really rely on getting that consumer to spend more and consume more? numbers. get inflation >> that is due in at just 30 minutes from now. we are expecting cpi rising 3.1% for the month of november. that is falling from the month of october. take a look at pbi as well. >> continually falling. >> negative one point five percent is the estimate in my with what you saw in october. consistentlync. -- in that 1.5% range. >> thanks all for that. stay with china because it has been reported that an additional 5 wall st firms are under investigation for hiring practices. new york times saying regulators have widened their inquiry as to whether jpmorgan broke anti- bribery laws. last month the bank and it plans to manage china everbright ipo amid scrutiny. the wto celebrity a landmark deal that could add $1 trillion to the global economy. subsidies on food dropping opposition to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global comm
PBS
Dec 6, 2013 1:00am PST
/nbr. >>> growing stronger, the u.s. economy grows at its fastest pace since early 2012, but is the 3.6% rate as strong as it appears? and why do american businesses still seem so hesitant? >> protests over pay. fast food workers strike in the biggest push yet for higher wages. they want $15 an hour. they average around $9 now. what a big raise would mean for businesses and consumers. >> and the sticker shock, why washington lawmakers could be the reason you pay more, lots more for milk. we have all that and more tonight on "nightly business report" for thursday, december 5th. >>> good evening everyone. stocks kept sliding today, the losses though modest marked the fifth day in a row of declines for the dow and s&p 500, the longest streak since september and the government shutdown. the indexes are less than 2% from the all-time highs. today's declines were driven by rekindled concerns the federal reserve may reduce the $85 billion a month in bond purr chases and might do it as soon as this month because economic news out today pointed to a strengthening of u.s. growth. the come he
PBS
Dec 10, 2013 12:00pm PST
of england. >> we need to provide a lot of still throws the u.k. economy. we've got big head winds from europe, from the currency, from ongoing deleveraging from households, we need to provide a lot of stimulus. but that stimulus can create risk. you mentioned the housing market, that's one example. we need to take other steps in order to reduce those risks. manage those risks, mitigate those risks and if we -- because if we don't we're going to create bigger problems down the road or we're going to have to pull back too soon on monetary policy which is the last thing we want to do. >> rose: we conclude with michael dell who just completed taking his company private. >> what i will say is that i'm very proud that during the time our company was public our stock appreciated over 13,500%, which was 27 times the amount of the s&p 500 during that same period. so, yeah, we missed something. everybody misses some things but we built one heck of a business. it's still one heck of a business and now it's growing at double digit rates and we're investing for the future and able to invest, b
MSNBC
Dec 4, 2013 8:00am PST
issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about how we can make health care work better for our generation. we thi
FOX Business
Dec 6, 2013 9:00pm EST
he give the jobs report today? to back we are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when e rates go higher. dennis: you say the stocks go down with good news because we are scared they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but every other indicator was positive. most importantly we saw improvement of the for sandage other americans in the workforce. i was happy with this report but we should not be celebratory i remember in the '80s and '90s we had five budgets thousand jobs in one month but it there
Al Jazeera America
Dec 7, 2013 7:00pm EST
more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's full. this glass represents the government's employment report. five years after the worst recession since the great depression, america's economic recovery appears to be on solid footing. in november, the u.s. economy added 203,000 net new jobs. that is coming off revised figures that now prove we've added almost 200,000 new jobs a month since the summer. so far, the economy is up 2.1 million jobs this clear. 2013 is likely to be the best year for hiring since 2005. now, all those new jobs tarting to make a real dent in the unemployment rate. it fell to 7% in november, a drop of .3 from october and lowest in five years. that's g
PBS
Dec 6, 2013 7:30pm PST
week's other been on the economy, good news on the jobs front today, a healthcare website that and theinally working struggles that continue away capital.nation's starting with the jobs report, are we seeing the long-awaited recovery everyone is talking about or what, david? >> i think the economy is moving in the right direction, moving slowly but in the right direction. we've had two months with over 200,000 jobs added, the unemployment rate is as low as it's been in the last five years month wasring this across the economy -- manufacturing, construction, it's aate and local so good sign but it's important to remember there's still a lot of people out of work. than one third of the unemployed have been out of work for six months or more and hard time getting hired. gwen: that's one piece of today's news. week's newsof this is about the healthcare act. at the white house today, they are linking the good economic with the finally good news about the healthcare act. is there a connection between rebound in the economy and the healthcare act? >> the link is that this law all thetuall
Al Jazeera America
Dec 7, 2013 2:00am EST
front. more companies are hiring and the economy shows signs of a rebound. >> hello, welcome to al jazeera america. i'm morgan radford, live in new york city. >> an american war veteran detained in north korea is on his way back to the united states. merrill newman departed beijing airport about 15 minutes ago, headed for his home in san francisco. he'd been held in north korea since late october. officials said they released newman on humanitarian grounds and for apologising for crimes committed during the korean war. he spoke to reporters before leaving beijing. >> i'm glad to be coming home. >> melissa chan has more. >> great news that merrill newman has been freed. you can well imagine how distraught his family has been. he's missed thanksgiving, but will be home in time for the holidays. we hear that merrill newman was part of a special unit called the white tigers. military intelligence stole secrets - we didn't know about the group until the 1990s. so from the north korean perspective they consider merrill newman, even though he's advanced in age, a serious enemy. from the n
CSPAN
Dec 8, 2013 1:05pm EST
anything else, they want a job. but finding work remains very difficult in an economy that still has 1.5 million fewer jobs than before the recession started six years ago. still ha million fewer jobs than before the recession started six years ago. we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our econo
Bloomberg
Dec 6, 2013 4:00am EST
policy finally sorted out which is very positive for the world economy as well. there seems to be the argument -- they are talking that the normal , he ise of unemployment looking at that and going, we can fix that. we cannot better paid jobs, more jobs, we can change the dynamic through innovation and thinking about the problems that we face. how realistic is that? do with the unemployed men story on both sides of the atlantic? >> i am having lunch with larry today. i will carry on afterwards with him. if i could just revert to the ec1 investing enough. investing has been very poor. we are sitting on huge amounts of money. ins of people want to invest u.k. plc. the announcement earlier in the week, opening the doors to create higher-paying jobs. we are creating very poorly paid jobs. we have to create higher-paying jobs here in the u.k. and create real economic growth. the u.s. has a similar problem. wages haven't risen for over 20 years. we have been doing something's wrong. of investmentck in infrastructure and other areas. we have exported to much of our capital expenditure to
Al Jazeera America
Dec 6, 2013 7:00pm EST
recovery appears to be on solid footing. in america it was added 203,000 jobs. so far the economy is up 2.1 million jobs and 2013 may be the best year for hiring sinc since 2005. the unemployment rate fell to 7%, and it's the lowest in five years. that's great news. number. i'm going to stand in front of it. focus on the number of jobs added every media. in this case it was 203,000. i do want you to pay attention to this number. 63%. the that's the labor force participation rate. that's above upward from october when that number had fallen to its lowest level in 45 years. that meant that people were falling out of the workforce because they couldn't find jobs or they had give up trying all together. this is the portion of peel available to work who are actually working. number suggestion that people are coming back to the workforce instead of leaving it. looking at how well job creation is keeping up with new workers who are entering the labor force. they're coming of age, graduating from school while providing opportunities for veteran workers who want to stay employed. this is not
CNBC
Dec 1, 2013 7:30pm EST
strengthening economy. all is fair in love and war and men's clothing. mens wearhouse offered to buy joseph a. bank, which was trying to take over mens wearhouse. joseph a. bank will evaluate the offer. >> will it be take december to remember for investors or will it be a real turkey? oh, yes the all important holiday shopping season is now under way. what does it mean to your money? joining us now is liz dunn and mike holland of holland and company. thanks for being here today. we have a lot of questions to goat through. mike, every time we turn around there's a new record being set by the major indexes, the nasdaq hitting back to the level it was 13 years ago. what happens in december? does this run continue? >> history as a guide you would say yes. the last 50 years december has been a good month relative to the rest of the year. this year when you have 25% returns in the market, the newton's law tends to stay in motion. you've got good numbers come here from liz in the second and consumer looks to be okay but the fed is there. >> what does your gut tell you? >> the key since
SFGTV2
Dec 2, 2013 2:30pm PST
the future. >> yes. today. thank you more innovation fuel and export during which than the economy as a whole. this is the van ignore of the industrial reluctance we want to be at the head of it. we talk about portland. portland actually doubled exports in - >> in san francisco we don't think of that (laughter). >> i'm sure how san francisco would respond to that we're weirder but portland is betting on a because they were so smart at the metropolitan scale a tear down the freeway in the 70s they've attracted a lot of firms t 3 sell services. their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing fuels >> i want to follow up on cars you note in 1983 h
CNBC
Dec 2, 2013 4:00am EST
france and spain as well as firms cutting staff so france still a big concern for the eurozone economy. we'll get more reaction on that in the next five minutes. at the same time, china is rolling out a new ipo plan. a 14 month freeze on new listings. companies will have to provide more disclosure in exchange for letting the market have more say on which deals get the green light. we're in sing ga pure with more market reaction. >> ross, beijing's news will bring the shanghai higher. the shendo boards tumbled 5%. the chinese deposit had its worst plunge ever. so before today the index had rallied more than 80% this year and it lost over 8% in today's trade. chinese authorities signal the likely resumption of ipo approvals as soon as next month. broker rages got a strong boost as can you see from the first row here. banks mostly ended in the green. health wide, new rules requiring cash dividends as well as the state council's announcement to start a preferred pallet program which may help banks shore up its core capital. but beijing is getting tougher on back door listings. while ipo ap
Bloomberg
Dec 9, 2013 5:00am EST
. we have not seen structural reform as of yet. to push the that economy forward to drive up it isment opportunity and absent. the fourth ee quarter number better assuming an upsurge as a result of the taxation going into next year? >> the anticipation of sales ax increasing next spring is bringing some spending forward. you may see some corporate ahead of that. but the disappointment in japan is we are trying to increase at all. the radical opposition to the economics program would say we should be cutting spending taxes, not increasing taxes increased spending. >> you pwroeu up obama. draw the line between what is hang with the u.s. sort of policy moving forward but in of fed and what will happen in japan. the level of linkage. ex-existential. abe economics depends on the economics and a q.e. policies. what has driven the stock market up and yen down is the huge amount of risk takers piling which is atest story abe economics and shorting the yen. sort of pullback in the global asset price to q.e. the ated yen will be shooting up and stock market would fall. with the chinese element,
CSPAN
Dec 1, 2013 10:25pm EST
of technology, innovation, how we travel across the world and how we compete in global economy, now that number has dropped down it's not 79% anymore. it's around 35% of our jobs in high school a diploma, which means we have a big skill scant. it's in the manufacturing jobs, john. you can't show up with a high get l degree and expect to a job in a manufacturing plant. you have to have some type of to do, to read, to write, basic math, to operate to machinery, the equipment, the things that you have. so as a nation, we're falling behind. industrialized nations, 14th in reading, 17th in science, 25th in math. 34 nations. we're a better nation than that. to compete and remain internationally globally competitive, we have to change and we haven system to address the needs of our employers. it up to you open guys, but before we do that, manziel y, is johnny going to win the heisman again? >> i don't have a clue. i played six-man football. >> you're an aggie, you're yeah, baby, yeah. >> i don't have an idea. he is fun to watch play. here's what i will project. i will make a prediction --
Al Jazeera America
Dec 7, 2013 5:00pm EST
consumer spending and that in turn translates to additional jobs as more successful economy for everyone. by the way, we can look back in history and see in 1968, for example, the minimum wage in real dollar terms or in fixed dollars terms would be $9.44 now. and the unemployment is less than half of what it is today. the notion that minimum wage destroys jobs is disproved. and when you think about it, the common sense that says people at the lower end of the income spectrum are going to spend the money that they make, that will create jobs and will be good for everyone. >> low wage workers as customers. that's where i want to come back. we'll take a short break with our guests and we'll be back. this is inside story. >> fault lines investigates... fracking >> shale gas development could actually double the economic growth rates in the province. >> this is our land for thousands of years... >> do you drink money? you must have a lot of money to drink... >> as tensions rise, and protests turn violent, where will the debate lead? >> the situation was no longer peaceful or safe...
FOX Business
Dec 5, 2013 4:00pm EST
. let's take a look at your front page headlines as we head into this hour. the economy grew at a much faster pace in the third quarter than previously estimated. commerce department said gdp surged at 3.3% annual rate. that is ahead of expecting of the 2.8% pace reported early. liz: there was surprise in weekly jobless claims data. number of people applying for first-time benefits unexpectedly dropped to 298,000 last week. david: atlanta fed president dennis lockhart said it is time for the federal reserve to think about tapering easy money policies. he did not indicate whether the fed would consider taper at its meeting later this month, that is about two weeks from now. liz: european president mario draghi says inflation will be below targets next two years. ecb is ready to boost the economy if necessary. holding interest rates steady. david: new york mayor-elect bill deblasio appointed former new york city police commissioner, william bratton. he served during the giuliani administration during the mid 1990s but he was fired. liz: ford unveiled the new version of eye coon nick must
MSNBC
Dec 5, 2013 9:00am PST
higher wages for the jobs that are really forming the core of the economy today. that's what we did in the manufacturing sector the beginning of this economy and it really built the american middle class. it's what we need to do now. manufacturing jobs have gone away. it's fast-food jobs, retail jobs, service sector forming the core of the u.s. economy. those are the jobs we need to raise wages for. >> jack brings up an important point, seven out of ten growth occupyings through 2020 are low-wage jobs. this the american job market. the president has supported this, we have a lot of democrats who have come out and supported thchl i think it is much harder, actually, for conservatives to dismiss the minimum wage in the way they dismiss other parts of the social safety net. this is not an entitlement program. there's economic stimulus. i think this puts conservatives in a tough position. >> it does put republicans in a tough position. majority of republicans think this is a good idea. the president talked beauty this yesterday. he's been talking about this for as long as he's been in p
Bloomberg
Dec 9, 2013 4:00am EST
google and apple urged the u.s. government to stop it is spying. japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson. >> i'm francine lacqua. let's get straight to the top corporate story. fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is where the
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